As Grain Prices Soar, Towns
Divide Over Hedging Tactic

By

Scott Kilman Staff Reporter of The Wall Street Journal

Updated July 2, 1996 8:45 a.m. ET

TITONKA, Iowa -- Feuds are erupting between grain elevators and farmers all across the Midwest. Enough threats are flying that ministers are using their Sunday sermons to preach peace. "I could see that sides were being taken up in the congregation," says Pastor Dennis Redeker of the Ramsey Reformed Church.

The underlying reason couldn't be more ironic: Grain prices are too high.